On January 1, Year1, a firm issues a $10 million bond with a 7% coupon rate, 4-year maturity, and annual interest payments on every December 31. Market interest rates are 4%. Compared to January 1, Year1, what is the change in the balance of bond liabilities on January 1, Year 2? A. An increase of $24891. B. A decrease of $24891. C. No change D. An increase of $256441. E. A decrease of $256441